FxPro Review 2026
Full FxPro review for Nigeria traders — regulation, spreads, fees and our honest verdict.
Regulation in Nigeria
| Regulator | SCB — Securities Commission of the Bahamas (SCB) |
| Licence Number | SIA-F184 |
| Regulated Entity | FxPro Global Markets Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.6 pips |
| Instruments | 2,100+ |
| Platforms | FxPro Platform, MT4, MT5, cTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD10/month after 6 months |
Verdict
Regulated by SCB (licence SIA-F184). Minimum deposit $100. In Nigeria: maximum forex leverage 1:500.
About FxPro
FxPro was founded in 2006 and is headquartered in London, UK. The broker offers 2,100 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by FxPro Global Markets Ltd under SCB.
In Nigeria, FxPro operates as FxPro Global Markets Ltd, authorised by SCB under licence number SIA-F184. Nigeria traders are subject to a maximum leverage of 1:500 on forex pairs under SCB rules.
Trading Platforms
Pros
- SCB regulated — licence SIA-F184
- 2,100+ instruments to trade
- Negative balance protection in Nigeria
- Platforms: FxPro Platform, MT4, MT5, cTrader
Cons
- Inactivity fee: USD10/month after 6 months
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is FxPro regulated?
FxPro holds SCB licence SIA-F184, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official SCB public register.
What is the minimum deposit for FxPro in Nigeria?
The minimum deposit is $100. This is the amount required to open a live trading account for traders in Nigeria under SCB regulation.
What leverage does FxPro offer in Nigeria?
In Nigeria, FxPro offers maximum forex leverage of 1:500 under SCB rules. Higher leverage may be available through offshore-regulated entities.
Is FxPro safe to trade with?
FxPro is regulated by SCB, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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